Tuesday, March 11, 2008

PSEi Breaks the the support at consolidation !

PSEi is holding on for quite a while, even with the great volatility of the market.
But Monday, March 10, 2008's price action scared me, that it might break the long term trendline. It broke the support at consolidation at 2994! Bad sign, the ship is 70% sinking!

The target price at break down? 2011, it is way below the the major trendline that's been intact since 2003!

Hold on to your cash dear friends, the market is real roller coaster!

Ayaw pugsa kung d na ka ka-kwarta! Magdugo unya! :P

See the chart for better visual view.
-- Charts to follow, I can't upload successfully --

Monday, February 4, 2008

MIC where are you heading to ?

Well, well, well. . .

I have to admit I still have MIC and I can't cut loss anymore, too much loss to swallow. Let JAP do the work. But wait, may we just give it a little try to evaluate the stock?

MIC's intermediate trend is consolidating in a box that goes downward. However, it's Longterm Trend is still intact inside the sym. triangle. Let's just watch closely.

Tuesday, January 29, 2008

What to do when the market is against you ?

When the fight is raging, don't fight more! When the market is against you, do not fight back! Ride the market if you can and stay away before the bloody time comes.

This is no excuse for the Technical Analyst, because we can see the trend ahead. We don't want to blame Technical Analysis when we miss the proper exit.

So what are the best things to do on a downtrending or consolidating market?

1. Study and Plan more. Technical Analysis is a vast subject, it is the best time to
study and plan since we are in a slow pace. Let's open our E-books strategize our
moves, so when the market is ready, we are ahead of the game. Nothing will beat a
prepared and well skilled trader!

2. Watch the Market and Watch the trend. We want to enter at the right time. We
don't want to be bottom pickers, since we all know that the bottom is very
difficult to determine, rather we want to participate on breakouts to
maximize the 70% batting average of TA.

3. Don't trade when you are not sure of the trend.

4. JumpStart! As part of the Study program for yourself, maximize your potential for
learning and earning.Participate Seminars and Workshops, Absolute Traders Seminar
for Technical Analysis for Basic and Advance Classes, is my most recommended
trading on how you could manage yoru portfolio well. Invest on learning and you
will see that growing your portfolio is not so difficult. email:
cebuseminar@absolutetraders.com for Cebu schedules and seminar@absolutetraders.com for Manila
schedules. Or visit www.absolutetraders.com to know the community more.

5. If you still have your positions, sell on rally and take a tolerable loss or
little profit if you still have left. Never take a position yet until the trend
is clearly going up.

6. Tap and develop other sources of income while the market is resting or falling
freely. Affiliate marketing, is a huge source of money in the internet, when
tapped. They said it is especially for techies, I said it is for everyone when we
just try to understand and spend time to develop the skills. If you need asistance on this,
just send me a note. Develop business plan and start a business, if your business is ongoing,
give more time to it now.

7. Look forward for the market-change-of-sentiments, but don't be in a hurry.

I can list thousand things to do and will not exhaust myself doing it. But the bottom point here is, don't push it too hard if the stock is not capable of givig you good returns yet and make the most of your time to learn more for an ABSOLUTELY huge profit soon!

Thursday, January 24, 2008

Bulls still Holding

PSEi is not in the bear market yet!

US market broke the resistance and went back! But it is still so uncertain until when will this rally last for the US. US gov't is making some measures to avoid recession by giving out tax rebates and tax holidays. We'll watch and see.

Tuesday, January 15, 2008

PSEi Review - 2nd 2008

PSei seems to be having a good fight! Nice bounce at 3375 Level! I am still staying on a sideline. No aggressive trading for me yet. Watching the tide. :)

Sunday, January 13, 2008

DJi Review - 2nd in 2008

DJi - US Market immediate channel of consolidation is broken. Uptrend strong channel from 2003 has to be watched closely too.

Tuesday, January 8, 2008

PSEi Review - First in 2008

As we look at the short term trend of PSEi from October 2008, it has been in a downtrend channel. Support is establish and today's index has bounce from it. Index has to break the 3670 level to get out from the downtrend channel.

Long Term Bullish Trend from 2003 is still intact though. Support level is at 2370.

Trade cautiously folks!

Sunday, January 6, 2008

DJI Review - First in 2008

Philippine market has always been mirroring US market sentiments, so to understand things clearly from US Market point of view, Let us discuss what's happening base on the charts.
So we could put time and targets on the things that worry us.

US Market View from afar. It was Bullish from 1995 - 1998, Bearish from 1999 - 2002 while from 2003 - Present the Trendline is still intact.

If the strong Trendline that was established from 2003 is broken at around 12,143, that should make us worry, because that means the bulls are declaring losses and the bears take over. We have to watch out for this. The Chart's Volatility is just so great but still we have to be thankful that the trendline is still intact.

If we take a closer look from July 2007 - Present, DJI is moving in consolidation on an upward channel. Some see it as double top, it does not look like a perfect double top for me, so I would consider it as a upward channel than a double top. It has to maintain in this channel to stay sideways and it has to break the resistances through 14K level to resume the bulls.

Will the Bulls continue? As long as the long term support is not broken, I still consider the bulls alive. But we have to break the resistances to move further.

Watch over your trades and be responsible on the hard-earned money you are investing/trading.

Wednesday, December 19, 2007

Let's enjoy Christmas and New Year

It's been quite a few weeks that P6 continues to be in consolidation. This Stage of long waiting is just not fun anymore. :( But our market needed to breathe from the long steep uptrend. We need this to continue being bullish.So let's just take this positively.

So why not take time off from the market? Christmas is in the air and it comes once a year, if we need to be away from the market to enjoy, then by all means let's do it!

I am updating this post from my hometown, where internet is not so accessible, so expect my posts to be in vacation mode too.

Merry Christmas Everyone. In this phase in trading, don't forget to continue to give more this Christmas!

".... It is in giving the we receive, it is in dying that we are raised to eternal life. And of course, it is in consolidation that we gain more momentum to a bullish trend! "

Ayo ayo!

Wednesday, December 12, 2007

PA revisited

PA is still in consolidation. The breakout that we saw last Dec. 03, 2007 was a false breakout. However this issue is not doomed yet. It is still trading within the range. If this breaks out at .265 level, our target is set to 0.38. Watch closely